PAYGINE: Solving Financial Problems through the Blockchain

Since the blockchain technology was developed in 2009, many started porting to the platform. Soon after the invention of the first blockchain and crypto currency – Bitcoin, many blockchain platforms and crypto currencies were invented.

The current financial platform is being controlled by centralized platforms such as banks. However, there’s stiff competition in the system as crypto currencies powered by the blockchain technology are striving to take over the global financial sector.

Problems with Crypto Currencies

The major problem underlining the acceptance and total use of crypto currencies is the naivety of users. Though many accepted and used it during its early inception, others are yet to accept it because there are still some posers that investors find hard to understand.

Though crypto currencies are not under the regulation of governments or other financial regulations, they are yet to be implemented as means of exchange.

Crypto currencies are had to be converted to fiat currencies and in another view; they cannot be used in purchase of goods and services. Crypto currencies cannot be used like traditional fiat currency in terms of transferring funds especially through smartphones and traditional ways of transferring funds.

Paygine as a Solution

Paygine had been developed to hedge problems in traditional crypto currency platforms. The platform aims at making the modalities and use of crypto currency known to all. Whether you’re an investor with knowledge of the workings of crypto currency or you’re just naïve about crypto currency, Paygine allows you get knowledge of the currency.

The platform was designed to be a financial platform with crypto currency as its main emphasis. Paygine offers services related to crypto currency to businesses, individuals and investors who want to understand and participate in the immense prospects it offers.

With Paygine, you can have low-cost, fast and easy crypto transactions in many areas. The bottom line here is that Paygine was designed to facilitate the acceptance of crypto currency and its workings just as it makes the currency easy to adapt in otherwise hard scenarios such as purchase and sell of physical goods and services.

Creating Acceptability of Crypto Currency

Because it was not fully accepted at the initial stage of its inception, crypto currency still suffers from that fate till this moment. They cannot be used like other fiat currencies and conventional payment and financial systems such as bank accounts and cash.

Paygine wants to suffer this problem. Paygine will integrate crypto currencies in traditional fiat currency and vice versa. It intends to partner with two banks; one each in the Caribbean and Switzerland. The shortlisted banks were selected because of their partnership with crypto-related outfits. By this partnership, Paygine intends floating a global open financial platform that can harmonize both the fiat and crypto currencies in its platform.

A Step in the Right Direction

Paygine is actually doing all it can to see to the acceptance of crypto currencies. It allows you have digital wallets that can contain fiat currencies such as USD/EUR and other crypto currencies such as ETH/BTC. Paygine wants to make crypto currency available to all and it will achieve with the first step of partnering with select traditional and subsequent action of harmonizing crypto and fiat currencies in the same platform.

It also allows you transfer crypto currencies using your bank card and you can also convert fiat funds in your digital wallet to crypto currency and vice versa. Perhaps the most amazing thing about Paygine is its breakdown to the primary sector – buying and selling in retail stores. You can now use your crypto currency as payment when you shop in both offline and online retail shops. There’s no better way of making crypto currency acceptable than this.

Technology

Paygine uses the blockchain technology or what can otherwise be referred to as the Paygine Distributed Ledger Technology (DLT). Paygine’s blockchain will be used in the development of DLT. DLT will register transactions on the platform and issue IDs to users on the platform.
The blockchain will also be used in the implementation of Application Program Interfaces (APIs). These APIs will allow certified clients have access to the Paygine DLT.

Exchange of Crypto Currency

Paygine makes it possible for you to exchange and trade with the crypto currency in your digital wallet. With its partnership with Best2Pay – a payment processing company under the auspices of UK-based Pay Engine Limited, Paygine will facilitate exchange of fiat and crypto currencies. Its payments will be processed by Best2Pay.

Wrapping Up

Paygine’s scope is crypto currency. It targets making the currency globalized by integrating it in centralized platforms that use fiat currency. The idea is to facilitate conversion of fiat currency to crypto currency just as the latter can be converted to the former.

Paygine also hedges existing problem in crypto currency and also makes it possible for crypto currency to be used in purchase and sell of goods and services in both online and offline retail stores.

To learn more about this revolutionary project, kindly visit the links below:

Website: https://www.paygine.com
Whitepaper: https://www.paygine.com/assets/helpers/files/en.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2916009
Twitter: https://twitter.com/paygine
Telegram: https://t.me/paygine_official

Writer: Collinberg
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1532780